Kislak Acquires Mixed-Use Property In Long Branch For $1.4M
SOLD
$1,400,000
New Jersey
See Similar DealsMixed-use4,000 SF
Sold 01/17/2023
SOLD
Kislak Acquires Mixed-Use Property In Long Branch For $1.4M
593 Broadway
See Similar DealsMixed-use4,000 SF
Sold 01/17/2023
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$350
Total Square Footage:4,000 SF
Transaction Type:Sale
This recent sale in Long Branch involved a mixed-use property located at 593 Broadway. The property consists of five residential units and 4,000 square feet of retail space. The transaction took place on 01/17/2023 with a sale price of $1,400,000. The price per square foot was calculated at $350.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,400,000
The brokers involved in this deal were Daniel Lanni from Kislak representing the parties. It is worth noting that the property comprises both residential and retail components, providing a mixed-use investment opportunity.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
Is there something missing? Send suggestions